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IRL contacted about buying CART?

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  • IRL contacted about buying CART?

    from the indystar:
    Nation said the IRL was contacted by Bear, Stearns as part of its due diligence in seeking out a buyer.

    Does this mean that CART's firm seeking out a buyer actually contacted the IRL to see if they were interested?

  • #2
    That would seem logical to me.

    If I were B&S, I would contact the IRL and NASCAR just to preclude the possibility of future litigation that I was not exercising due diligence.

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    • #3
      Indy Racing League president Tony George declined comment. But vice president Fred Nation said the IRL has not been contacted by any members of the new ownership group and is not interested in pursuing merger talks. Nation said the IRL was contacted by Bear, Stearns as part of its due diligence in seeking out a buyer.
      "Living well is the best revenge"

      George Herbert

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      • #4
        ...and he told them to go take a long walk off a short pier.

        Supporting Indy Car racing since 1959

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        • #5
          ...and told them "No thanks, we already OWN two barely viable open wheel racing series. If we wanted a THIRD barely viable open wheel racing series, we would buy USAC".

          "The problem with internet quotes and statistics is that often times, they're wrongfully believed to be real." - Abraham Lincoln

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          • #6
            Originally posted by LorenzoBandini
            ...and told them "No thanks, we already OWN two barely viable open wheel racing series. If we wanted a THIRD barely viable open wheel racing series, we would buy USAC".

            ooooooooo that's gonna leave a mark
            SENسR MODERATOR......

            "Better To Be Judged By Twelve Than Carried By Six"
            " Only Those Who Will Risk Going Too Far....Can Possibly Find Out How Far One Can Go "...T.S. Elliot....

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            • #7
              They may be barely viable, but I just drove by IMS, and there isn't a FOR SALE sign out front. Case closed! Mille Grazie!
              My major malfunction is...I want the people I love and respect to live forever...The problem is...Life don't work that way...

              P.S. Questions, comments, death threats, invitations to a pigs bris, my number is still (317) 809-4483

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              • #8
                How's about, "Newly named NASCAR Chief, Brian France, contacted the IRL in effort to negotiate a multi year partnership deal between the two leagues." I could imagine all the gorgeous company color schemes on the IndyCars.

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                • #9
                  Originally posted by Jimbo7
                  How's about, "Newly named NASCAR Chief, Brian France, contacted the IRL in effort to negotiate a multi year partnership deal between the two leagues.
                  Which two leagues?

                  IRL & NASCAR,

                  IRL & USAC, or

                  USAC & NASCAR.

                  Am I missing something here?
                  Witnessed Mario's "Miracle at Indy"...Watched 3 win their 4th Indy 500...Was there for Petty's 200th win...Saw the last Novi qualify

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                  • #10
                    Originally posted by fivehundred2go
                    Which two leagues?

                    IRL & NASCAR,

                    IRL & USAC, or

                    USAC & NASCAR.

                    Am I missing something here?

                    No, it's CART and the IRL.

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